Interest Rate Model
Last updated
Last updated
Borrow APY
= [1 + Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 0)] ^ 2102400 - 1
Supply APY
= Distribute (Interest Paid by Borrowers Per Block - Reserve) to all suppliers, and convert it into APY
= Distribute [(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) to all suppliers, and convert it into APY
= {[(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply}, and convert it into APY
= {1 + [(1 + Borrow APY) ^ (1/BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply} ^ BlocksPerYear - 1
= {1+[(1+Borrow APY)^(1/BlocksPerYear)-1]*(1-Reserve Factor)*Utilization Rate}^BlocksPerYear-1
BlocksPerYear = 2,102,400 (15 sec per block)
Find other variables in Markets
Category
Major
Tokens
ETH
Base
0%
Multiplier
15%
JumpMultiplier
200%
Kink 1
80%
Kink 2
90%
Contract Address
Category
Stable
Tokens
USDC, USDT
Base
0%
Multiplier
18%
JumpMultiplier
800%
Kink 1
80%
Kink 2
90%
Contract Address
Category
Governance & Seeds
Tokens
Base
0%
Multiplier
20%
JumpMultiplier
500%
Kink 1
70%
Kink 2
80%
Contract Address
